Global Electric Motor Market (Motor Types, Applications, Output Power, Geography) - Size, Global Trends, Demand, Analysis, Opportunities, Segmentation and Forecast, 2013 - 2020

  • ID: 3030100
  • Report
  • Region: Global
  • 126 pages
  • Allied Analytics LLP
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Electric Motors Market is Expected to Reach $129 Billion, Globally, by 2020

FEATURED COMPANIES

  • Ametek Inc.
  • ARC Systems, Inc
  • Asmo Co., Ltd.
  • Brook Crompton UK Ltd
  • Rockwell Automation, Inc
  • Siemens
  • MORE
Electric Motors market is in a mature stage of its lifecycle and has the potential to even grow further. The market has been witnessing tremendous technological advancements in the last few years due to which, the current electric motor market is gaining traction. The market is quickly shifting towards highly efficient electric motor systems. The electric motors find wider adoption in industrial fans, compressors, pumps, lathe machines, machine tools, domestic appliances, heating ventilating and air conditioning applications, disk drives, power tools, electric cars and automated robots. The highly efficient motors, which are also called as premium efficiency motors, are gaining importance over standard motors due to varied benefits such as longer operating life, low energy consumption, low maintenance, tolerance for fluctuating voltages, etc. Low energy consumption is an ace advantage of energy efficient motors over standard motors. Although expensive than conventional motors, the long term environmental benefits offered by the premium motors tend to outweigh the initial premium cost of these motors. The use of premium motors increases the efficiency of the application by approximately 20% as compared to standard motors, which in-turn saves the cost of energy consumed. The need for improved efficiency and low power consumption would continue to generate demand for high efficiency motors.

The availability of energy efficient motors gives rise to its demand in industrial and agricultural sector, which drives the electric motors market, the widespread awareness of the green vehicles amongst customers and increasing number of government incentives to promote green vehicles in order to safeguard the environment from carbon emissions is ultimately contributing to the growth of the electric motors market. Therefore, the electric cars are in great demand amongst customers and ceasing this opportunity, the market players are launching different electric cars to meet the customer demands. Telsa, a giant in manufacturing electric cars has launched an electric car in North American region and has plans to launch its next electric car in the European market. The Department of Energy estimated that the sales of hybrid vehicle have increased from 10,000 million units in 2010 to 430,000 million units in 2012. These sales figures show that there is a growing demand for green vehicles in the market. In addition to this, according to OrganisationInternationale des Constructeursd'Automobiles (English: International Organization of Motor Vehicle Manufacturers), there is a constant rise in the production of automobiles, globally. Their estimation says the global automobile production has approximately reached 81 million units in the year 2011. Therefore, the electric motor manufacturers are adopting various developmental strategies to maintain their competitiveness in the industry. The market players such as ABB Group Ltd. and Ametek Incorporation have launched novel products in the market. In addition to this, companies such as Allied Motion Technologies Incorporation and Johnson Electric Holdings Ltd have signed agreements in order to expand their business in different geographies, which ultimately help them to cater to the growing demand of the customers in different geographies.

For the purpose of the report, the global electric motor market is segmented based on the types of electric motors, output power of electric motors, the applications where electric motors are being used and geography. Type of motors segment explains AC, DC and Hermetic motors. The applications of electric motors discussed, are Industrial machinery, Motor Vehicles (automobiles), Heating Ventilating and Cooling (HVAC) equipment’s, Household appliances, Aerospace and Transportation and Other Commercial Applications. Regional market analysis of the electric market is conducted for North America, Europe, Asia-Pacific, Latin America, Middle East and Africa. The study of the global market shows that the North American region is the prominent end user market for premium efficiency motors that are used in electric cars, industrial and HVAC applications.

KEY BENEFITS

- The report provides an overview of the global market, with special reference to market trends, market structure, driving factors, challenges in the industry, scope and opportunities in the electric motor market.
- The current and future trends in the global market would assist stakeholders to get a micro level understanding of the market.
- Porters Five Forces model is used to analyze the potency of buyers & suppliers, and the competitive structure of the market, which would enable market players to develop effective strategies
- The segmental study of the global market provides in-depth analysis of the type of motors, latest technologies in the market, their applications and end users of the motors in various geographies
- Drivers & opportunities are examined to identify the current factors which are responsible for the growth of the market and upcoming technologies that would help the market to grow in future.
- Value chain analysis provides a systematic study of the key intermediaries involved, which would in turn help the stakeholders to formulate appropriate strategies

KEY SEGMENTS

The global electric motors market is segmented by type of motors, output power, applications and geography.

Market by Type of Motors

Alternating Current (AC) Motor
- Synchronous AC Motor
- Induction AC Motor
Direct Current (DC) Motor
- Brushed DC Motor
- Brushless DC Motor
Hermetic Motors

Market by Output Power

- Integral Horsepower (IHP) Output
- Fractional Horsepower (FHP) Output

Market by Applications

- Industrial Machinery
- Motor Vehicles
- Heating Ventilating and Cooling (HVAC) Equipment
- Aerospace and Transportation
- Household Appliances
- Other Commercial Applications

Market by Geography

- North America
- Europe
- Asia Pacific
- LAMEA

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FEATURED COMPANIES

  • Ametek Inc.
  • ARC Systems, Inc
  • Asmo Co., Ltd.
  • Brook Crompton UK Ltd
  • Rockwell Automation, Inc
  • Siemens
  • MORE
CHAPTER 1 INTRODUCTION

1.1 Report Description
1.2 Key Benefits
1.3 Key segments
1.4 Research methodology

1.4.1 Secondary research
1.4.2 Primary research
1.4.3 Analyst tools and models

CHAPTER 2 EXECUTIVE SUMMARY

2.1 CXO Perspective
2.2 Market Beyond: what to expect by 2025

2.2.1 Moderate growth scenario
2.2.2 Rapid growth scenario
2.2.3 Diminishing growth scenario

CHAPTER 3 MARKET OVERVIEW

3.1 Market Definition and Scope
3.2 Key Findings

3.2.1 Top Impacting factors
3.2.2 Top investment pockets in global electric motors market
3.2.3 Top wining strategies

3.3 Porters five forces analysis

3.3.1 Low concentration of Buyers, lowering the Bargaining Power of Buyer
3.3.2 Differentiated product increases the Bargaining power of supplier
3.3.3 Unavailiability of substitutes for eletcric motors lead to minimal threat from substitutes.
3.3.4 Oligopoly and Perfect competition in the global market balances the competition in the industry
3.3.5 High initial investment lowers the threat of new entrants in the market

3.4 Market share analysis-2013
3.5 Case Studies
3.6 Market drivers

3.6.1 Energy Efficient Electric Motors
3.6.2 Increasing demand by agricultural and industrial sector
3.6.3 Rising awareness about electric and green vehicles amongst customers
3.6.4 Government Funding for the high efficient electric motor
3.6.5 Upsurge in requirement for HVAC applications

3.7 Restraints

3.7.1 High initial cost of motors
3.7.2 Portability

3.8 Opportunities

3.8.1 Standardization in Emerging markets

CHAPTER 4 GLOBAL ELECTRIC MOTOR MARKET BY MOTOR TYPES

4.1 Alternating Current (AC) Motor

4.1.1 Synchronous AC Motor

4.1.1.1 Key market trends
4.1.1.2 Competitive Scenario
4.1.1.3 Key growth factors and opportunities
4.1.1.4 Market Size and Forecast

4.1.2 Induction AC Motor

4.1.2.1 Key market trends
4.1.2.2 Competitive Scenario
4.1.2.3 Key growth factors and opportunities
4.1.2.4 Market Size and Forecast

4.2 Direct Current (DC) Motor

4.2.1 Brushed DC Motor

4.2.1.1 Key market trends
4.2.1.2 Competitive Scenario
4.2.1.3 Key growth factors and opportunities
4.2.1.4 Market Size and Forecast

4.2.2 Brushless DC Motor

4.2.2.1 Key market trends
4.2.2.2 Competitive Scenario
4.2.2.3 Key growth factors and opportunities
4.2.2.4 Market Size and Forecast

4.3 Hermetic motors

4.3.1 Key Trends
4.3.2 Competitive Scenario
4.3.3 Key growth factors and opportunities
4.3.4 Market Size and forecast

CHAPTER 5 GLOBAL ELECTRIC MOTOR MARKET BY OUTPUT POWER

5.1 Integral Horsepower (IHP) Output

5.1.1 Key market trends
5.1.2 Competitive Scenario
5.1.3 Key growth factors and opportunities
5.1.4 Market Size and Forecast

5.2 Fractional Horsepower (FHP) Output

5.2.1 Key market trends
5.2.2 Competitive Scenario
5.2.3 Key growth factors and opportunities
5.2.4 Market Size and Forecast

CHAPTER 6 GLOBAL ELECTRIC MOTOR MARKET BY APPLICATIONS

6.1 Industrial Machinery

6.1.1 Market size and forecast

6.2 Motor Vehicles

6.2.1 Market size and forecast

6.3 Heating Ventilating and Cooling (HVAC) Equipment

6.3.1 Market size and forecast

6.4 Aerospace and Transportation

6.4.1 Market size and forecast

6.5 Household Appliances

6.5.1 Market size and forecast

6.6 Other Commercial Applications

6.6.1 Market size and forecast

CHAPTER 7 GLOBAL ELECTRIC MOTORS MARKET BY GEOGRAPHY

7.1 North America

7.1.1 Key market trends
7.1.2 Competitive Scenario
7.1.3 Key growth factors and opportunities
7.1.4 Market Size and Forecast

7.2 Europe

7.2.1 Key market trends
7.2.2 Competitive Scenario
7.2.3 Key growth factors and opportunities
7.2.4 Market Size and Forecast

7.3 Asia Pacific

7.3.1 Key market trends
7.3.2 Competitive Scenario
7.3.3 Key growth factors and opportunities
7.3.4 Market Size and Forecast

7.4 LAMEA

7.4.1 Key market trends
7.4.2 Competitive Scenario
7.4.3 Key growth factors and opportunities
7.4.4 Market Size and Forecast

CHAPTER 8 COMPANY PROFILES

8.1 Ametek Inc.

8.1.1 Company Overview
8.1.2 Business performance
8.1.3 Strategic moves and development
8.1.4 SWOT Analysis

8.2 Allied Motion Technologies, Inc

8.2.1 Company Overview
8.2.2 Business performance
8.2.3 Strategic moves and development
8.2.4 SWOT Analysis

8.3 Baldor Electric Company, Inc. (ABB Group)

8.3.1 Company Overview
8.3.2 Business performance
8.3.3 Strategic moves and development
8.3.4 SWOT Analysis

8.4 Siemens

8.4.1 Company Overview
8.4.2 Business performance
8.4.3 Strategic moves and development
8.4.4 SWOT Analysis

8.5 Johnson Electric Holdings Ltd.

8.5.1 Company Overview
8.5.2 Business performance
8.5.3 Strategic moves and development
8.5.4 SWOT Analysis

8.6 Rockwell Automation, Inc

8.6.1 Company Overview
8.6.2 Business performance
8.6.3 Strategic moves and development
8.6.4 SWOT Analysis

8.7 Franklin Electric Co., Inc.

8.7.1 Company Overview
8.7.2 Business performance
8.7.3 Strategic moves and development
8.7.4 SWOT Analysis

8.8 Asmo Co., Ltd.

8.8.1 Company overview
8.8.2 Strategic moves and development
8.8.3 SWOT Analysis

8.9 ARC Systems, Inc

8.9.1 Company overview
8.9.2 Strategic moves and development
8.9.3 SWOT Analysis

8.10 Brook Crompton UK Ltd

8.10.1 Company overview
8.10.2 Strategic moves and development
8.10.3 SWOT Analysis

List of Tables
Table 1 Electric Motors Market Moderate Growth Scenario Revenue By Geography, 2020 – 2025 ($Million)
Table 2 Electric Motors Market Rapid Growth Scenario Revenue By Geography, 2020 – 2025 ($Million)
Table 3 Electric Motors Market Diminishing Growth Scenario Revenue By Geography, 2020 – 2025 ($Million)
Table 4 Comparison Of Standard & High Efficient Motors And Resulted Annual Energy Cost Savings
Table 5 Global Electric Motor Market By Motor Types, 2013 – 2020 ($Million)
Table 6 Global Ac Motors Market By Geography, 2013 – 2020 ($Million)
Table 7 Global Ac Motors Market By Types, 2013 – 2020 ($Million)
Table 8 Synchronous Ac Motor Market By Geography, 2013 – 2020 ($Million)
Table 9 Induction Ac Motor Market By Geography 2013 – 2020 ($Million)
Table 10 Global Dc Motors Market By Type, 2013 – 2020 ($Million)
Table 11 Global Dc Motor Market By Geography 2013 – 2020 ($Million)
Table 12 Global Brushed Dc Electric Motors Market By Geography, 2013 – 2020 ($Million)
Table 13 Global Brushless Dc Electric Motors Market By Geography, 2013 – 2020 ($Million)
Table 14 Global HVAC Equipment Production In Million Tons (2004-2011)
Table 15 Global Hermetic Electric Motors Market By Geography, 2013 – 2020 ($Million)
Table 16 Global Electric Motors Market By Output Power, 2013 – 2020 ($Million)
Table 17 Global Integral Horsepower Motor Suppliers
Table 18 Global Electric Motors Ihp Market By Geography, 2013 – 2020 ($Million)
Table 19 Global Fractional Horsepower Motors Suppliers
Table 20 Global Electric Motors Fhp Market By Geography, 2013 – 2020 ($Million)
Table 21 Global Electric Motors Market By Applications, 2013 – 2020 ($Million)
Table 22 Global Electric Motors Applications Market By Geography, 2013 – 2020 ($Million)
Table 23 Global Electric Motors Market In Industrial Machinery Applications By Geography, 2013 – 2020 ($Million)
Table 24 Global Electric Motors Market In Motor Vehicles Applications By Geography, 2013 – 2020 ($Million)
Table 25 Global Electric Motors Market In HVAC Applications By Geography, 2013 – 2020 ($Million)
Table 26 Global Electric Motors Market In Household Appliances Applications By Geography, 2013 – 2020 ($Million)
Table 27 Global Electric Motors Market In Household Appliances Applications By Geography, 2013 – 2020 ($Million)
Table 28 Global Electric Motors Market In Other Commercial Applications By Geography, 2013 – 2020 ($Million)
Table 29 Global Electric Motors Applications Market By Geography, 2013 – 2020 ($Million)
Table 30 North America Electric Motors Market By Applications, 2013 – 2020 ($Million)
Table 31 Sales Of Electric And Hybrid Cars In European Countries (First Half Of 2013 And First Half Of 2014)
Table 32 Europe Electric Motors Market By Applications, 2013 – 2020 ($Million)
Table 33 Asia Pacific Electric Motors Market By Applications, 2013 – 2020 ($Million)
Table 34 Lamea Electric Motors Market By Applications, 2013 – 2020 ($Million)
Table 35 Ametek Inc Company Snapshot
Table 36 Allied Motion Technologies, Inc Company Snapshot
Table 37 Baldor Electric Company, Inc Company Snapshot
Table 38 Siemens Company Snapshot
Table 39 Johnson Electric Holdings Ltd Company Snapshot
Table 40 Rockwell Automation, Inc Company Snapshot
Table 41 Franklin Electric Co., Inc Company Snapshot
Table 42 Asmo Co., Ltd Company Snapshot
Table 43 Arc Systems, Inc Company Snapshot
Table 44 Brook Crompton Uk Ltd Company Snapshot

List of Figures
Fig. 1 Top Impacting Factors, Moderate Growth Scenario(2020 - 2025)
Fig. 2 Top Impacting Factors, Rapid Growth Scenario (2020 - 2025)
Fig. 3 Top Impacting Factors, Diminishing Growth Scenario (2020 - 2025)
Fig. 4 Energy Consumption By Various Industrial Appliances In Kilowatt Hour Per Square Foot (Kwh/Sq Ft)
Fig. 5 Percentage Distribution Of World By Carbon Dioxide Emission From Fuel Combustion, 2011
Fig. 6 Increase In The Sales Of Air Conditioning Units Integrated With Energy Efficient Motors ( Million Units, 2013)
Fig. 7 Purchase Cost Vs Energy Cost Of Standard And High Efficiency Motors ($Million)
Fig. 8 Impact Analysis Of Factors Effecting The Global Electric Motors Market
Fig. 9 Top Investment Pockets
Fig. 10 Top Winning Strategies
Fig. 11 Top Wining Strategies Analysis
Fig. 12 Value Chain Of Electric Motors Market
Fig. 13 Market Share Of Top Companies In Global Electric Motors Market
Fig. 14 Electricity Consumption By Industries In U.S. (2013)
Fig. 15 Comparison Of The Standard Motors And Energy Efficient Motors
Fig. 16 The Sales Of Hybrid Cars And Market Share In Us, 1999-2012
Fig. 17 Increase In The Sales Of Refrigerator Units With The Use Of Energy Efficient Motors ($Millions, 2013)
Fig. 18 Global Increase In Automobile Production 1997-2011( Million Units)
Fig. 19 Motor Speed (Rpm) Vs. Power Consumption
Fig. 20 Global Automobile Production 1997-2011( Million Units)
Fig. 21 Global HVAC Equipment’s Production In Million (2004-2011)
Fig. 22 Electricity Consumption Out Of Delivered Energy In Industrial Sector (U.S., 2012)
Fig. 23 Global Electricity Demand By End Use In Percentage (2011)
Fig. 24 Plug-In Vehicle Sales In U.S. And China (2011 - 2015)
Fig. 25 Ametek’s Revenue (2011-2013, $Million)
Fig. 26 Amtek Company Revenue By Segment(2013)
Fig. 27 SWOT Analysis Of Ametek, Inc.
Fig. 28 Allied Motion Technologies Revenue Inc (2011 – 2013, $Million)
Fig. 29 SWOT Analysis Of Allied Motion Technologies, Inc.
Fig. 30 Baldor Electric Company Revenue Inc (2011-2013, $Million)
Fig. 31 SWOT Analysis Of Baldor Electric Company
Fig. 32 Siemens Company Revenue Inc (2012-2013, $Million)
Fig. 33 SWOT Analysis Of Siemens
Fig. 34 Johnson Electric Holdings Ltd. Company Revenue Inc (2012-2013, $Million)
Fig. 35 Johnson Electric Holdings Ltd Company Revenue By Segment(2013)
Fig. 36 SWOT Analysis Of Johnson Electric Holdings Ltd.
Fig. 37 Rockwell Automation Company Revenue Inc (2010-2013, $Million)
Fig. 38 Rockwell Automation Revenue By Segment(2013)
Fig. 39 SWOT Analysis Of Rockwell Automation
Fig. 40 Franklin Electric Company Revenue (2011-2013, $Million)
Fig. 41 Franklin Electric Revenue By Segment (2013)
Fig. 42 SWOT Analysis Of Franklin Electric Co Ltd
Fig. 43 SWOT Analysis Of Asmo Co Ltd.
Fig. 44 SWOT Analysis Of Arc Systems, Inc
Fig. 45 SWOT Analysis Of Brook Crompton Uk Ltd

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FEATURED COMPANIES

  • Ametek Inc.
  • ARC Systems, Inc
  • Asmo Co., Ltd.
  • Brook Crompton UK Ltd
  • Rockwell Automation, Inc
  • Siemens
  • MORE
The electric motors market is progressing due to continuous innovation in the electric motors industry. High efficiency electric motors are in demand due to its characteristics of low power consumption, longer life, low maintenance cost etc. Therefore, the demand trend for standard motors is shifting towards high efficiency electric motors. Moreover, electric motors have wide applications in areas such as industrial, residential, motor vehicles, HVAC, aerospace & transportation etc. Motor vehicle is the most attractive segment amongst the electric motors application industry. The widespread awareness about electric vehicles amongst people to reduce carbon emission from vehicle fuels is in turn helping the electric motors market to grow. Moreover, AC, DC and Hermetic motors are the major types of electric motors from which AC motors are majorly used in industrial, commercial and residential applications; whereas, hermetic motors are only used for heating , air conditioning and refrigerating purposes. Dc motors are majorly used in motor vehicles. High efficiency electric motors that consumes less power are in trend in global electric motors market.

The new report "Global Electric Motors Market (Motor Types, Output power, Applications and Geography) - Size, Industry Analysis, Trends, Opportunities, Growth and Forecast, 2013 - 2020", considers commercial aspects of the Electric motors market. Based on trend analysis, it is anticipated that the electric motors market would reach $129 billion by 2020, registering CAGR of 5.0% during 2014 - 2020. The thriving market conditions can be attributed to the advent of low power consuming premium motors and the customizable application specific designs.

After the success of standard electric motors, premium efficiency electric motors are driving the electric motors market as a whole. The rapid prototyping process of manufacturing energy efficient electric motors adopted by leading manufacturers would propel the growth of electric motors. Although expensive than conventional motors, the long term environmental benefits offered by the premium motors tend to outweigh the initial premium cost and increase the efficiency of the application by approximately 20% as compared to standard motors, which in-turn saves the cost of energy consumed. The demand for energy efficient electric motors can be attributed to factors such as growing consumption of electricity, rising automobiles production, home appliances and the electric motor driven systems. Moreover, the recent electric motor manufacturing standards i.e. the use of improved design, materials, and the manufacturing techniques that enable energy efficient motors to consume less electricity are encouraging the global motors manufacturers to develop energy efficient motors.

According to the authors' analysis, the Automobile sector generates nearly 52% of the revenue amongst others. Moreover, the adoption of the electric motors in the automobile sector is growing substantially as the companies such as Tesla, Ford, Nissan and Chevrolet are innovating novel electric cars and are planning to expand their reach in geographies such as Europe and LAMEA creating these markets as the hub of electric vehicles. The favorable initiatives by the governments of various regions are encouraging the growth of electric motors in electric vehicles (green vehicles) in order to safeguard the environment by controlling fuel emission. The analysis shows that AC motors are the widely used motor types amongst others. 70% of the applications use AC motors; whereas, hermetic motors are only used in heating, ventilating, air-conditioning and refrigerating applications.

Asia Pacific is the global leader in electric motor market chiefly due to higher consumption of end-use products and low labor cost. Nevertheless, Latin America, Middle East & Africa (LAMEA) are the most opportunistic regions for the development of electric motors after Asia-Pacific region. Various launches such as new electric plug-in and hybrid cars, awareness drives to support green vehicles and rising need for premium efficiency appliances are the key reasons for the development of the aforementioned regions. These trends suggest that the international as well as local electric motor manufacturing companies are focusing on the launch of different types of motors in the LAMEA region. The TECO Electric and Machinery Co. Ltd., Of Taiwan have ventured with Al-Quraishi Electrical Services of Saudi Arabia (AQESA) and together launched the first high and medium voltage electric motors in Middle East region in the year 2012.Therefore, top market players are looking forward to capitalize on the prevailing opportunities in these countries.

Mergers and Acquisitions among the top players and the local players would further accelerate the growth and improve the services to the customers. Allied Motion Technologies Incorporation has recently acquired Globe Motors, a precision quality grade electric motor design and manufacturer, for a whopping $90 million. This acquisition helped the company to provide innovative products and customized solutions to the end-users. The key companies profiled in the report are Ametek, Incorporation, Siemens AG, Baldor Electric Incorporation Allied Motion Technologies, ARC Systems Incorporation, Asmo Corporation Limited, Brook Crompton UK Limited, Franklin Electric Cooperative Incorporation, Rockwell Automation Incorporation and Johnson Electric Holdings Limited.
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- ARC Systems, Inc
- Allied Motion Technologies, Inc
- Ametek Inc.
- Asmo Co., Ltd.
- Baldor Electric Company, Inc. (ABB Group)
- Brook Crompton UK Ltd
- Franklin Electric Co., Inc.
- Johnson Electric Holdings Ltd.
- Rockwell Automation, Inc
- Siemens

Note: Product cover images may vary from those shown
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